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nounthe semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
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nounthe recipient of funds or other benefits
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Definition that contains beneficiary
- trust something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
- pensioner the beneficiary of a pension fund
- fiduciary a person who holds assets in trust for a beneficiary
- endowment insurance life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
- pensionary the beneficiary of a pension fund
- trust account a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- trustor (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
- fiduciary duty the legal duty of a fiduciary to act in the best interests of the beneficiary
- savings bank trust a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- trustee account a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary